Southern Archipelago Initiates Subsidiary Liquidation – TipRanks
Southern Archipelago Initiates Subsidiary Liquidation TipRanks Read the original article here
Allianz Trade Insolvency Report
What’s behind this acceleration? The recession in corporate revenues is gaining traction amid lower pricing power and weaker global demand: As of Q2 2023, the revenue recession has been broad-based across all regions for the first time since mid-2020 (-1.9% y/y). This combined with continued high costs is squeezing profitability. As a result, liquidity positions…
Germany faces high corporate default risk in 2025, Bundesbank says – Reuters
Germany faces high corporate default risk in 2025, Bundesbank says Reuters Read the original article here
Important Judgments By Supreme Court In 2024
As the year 2024 nears its end, LiveLaw brings to you a summary of important Supreme Court judgments of the year rendered in connection with the Insolvency and Bankruptcy Code, 2016. The same are as follows: 1. IBC – Is Dissenting Financial Creditor Entitled To Minimum Value Of Security Interest? Supreme Court Refers To Larger…
Vertical farming project parent company enters administration
Vertical farming is a less common method for intensive agriculture. (File photo). Photo: 123rf Hamilton business Greenleaf Fresh is being put into voluntary administration, after what it says were “recent financial challenges” affecting the company’s operations. Greenleaf Fresh is behind Greengrower, a vertical farm operation that received $3.5 million in public funding last year for…
Greenleaf Fresh in voluntary administration – BusinessDesk
Greenleaf Fresh in voluntary administration BusinessDesk Read the original article here
Vertical farm that received public funding goes into voluntary administration – MSN
Vertical farm that received public funding goes into voluntary administration MSN Read the original article here
Vertical farm that received public funding goes into voluntary administration
A vertical garden Photo: 123rf The parent company of an organisation that received $3.5 million in public funding is being put into voluntary administration. Greenleaf Fresh has appointed administrators, citing recent financial challenges. The company was behind Greengrower, a vertical farm in Hamilton that received millions in public funding last year for research. The grant…
Australian property group behind 41-level Gold Coast tower enters administration
An Australian building giant behind some of the nation’s biggest developments, including a 41-residential tower on Chevron Island on Queensland’s Gold Coast, has entered voluntary administration. Bensons Property Group Pty (BPG) announced yesterday that it had made the “difficult decision” to appoint Craig Shepard and Sebastian Ham of Korda Mentha as voluntary administrators. The company…
Vertical farming company Greenleaf Fresh put into voluntary administration
Greenleaf Fresh, which traded under the name Greengrower, has gone into voluntary administration. Vertical farming business Greenleaf Fresh, which traded under the name Greengrower, has gone into voluntary administration. Adele Hicks and David Ruscoe, of Grant Thorton, were appointed administrators by resolution of the company’s directors on December 31. A statement from Grant Thornton said…